Oct 072015

Top Tips from the Debt Free

Posted on October 07, 2015 Uncategorized

1. Learn Your Habits and Don’t be Tempted Knowledge of yourself is important. Understand the difference between bad debt like luxury automobiles and good debt like home mortgage. When planning for repayment of large debt numbers, examine your own spending patterns. A little bit of self-reflection can help you spot your own weaknesses. Identify non-essential spending trends and limit them so that these extras become real treats. Every dollar saved will empower you to tackle large debt. 2. Fight High-Interest There are three common schools of thought when it comes to attacking debt. Some would argue to pay down the

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Sep 302015

The Perks of a Personal Loan

Posted on September 30, 2015 Uncategorized

Everyone needs some extra cash once in awhile. Let’s explore the benefits of getting a personal loan. 1. Quick and Simple When you are in need of funds, you probably need that money fast. At Polam Federal Credit Union, many people are approved within an hour and most will be approved within a day. 2. Competitive Rates with Lower Minimum Payments Personal loan rates that will beat out the high-interest credit card in your wallet and any product available at a payday loan company. Personal loans are always great for paying down other debts because the required payments are easier

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Aug 242015

Polam Profiles: Veronica Fitzsimmons – Loan Officer

Posted on August 24, 2015 Uncategorized

Meet Veronica Fitzsimmons. Veronica has worked as a loan officer for Polam FCU for one and a half years. Veronica’s favorite hobby is basketball which she plays all the time. While she’s not watching the Golden State Warriors as a die-hard fan, Veronica loves to spend time singing along with the Disney’s Frozen Soundtrack or catching a couple Law and Order episodes. When asked what her favorite travel destination Veronica said “My favorite place was the Philippines for sure. I love their sweet tofu and brown sugar snack- Taho.” Next we spoke with Veronica about her career at Polam. “Honesty

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Aug 172015

Social Media in the Job Market. Friend or Foe?

Posted on August 17, 2015 Uncategorized

Whether you are an experienced professional or a college graduate looking for their first job you have more than likely asked yourself one familiar question. Can social media impact the decision of me being hired? The ugly truth is, social media does offer opportunities for qualified candidates to be overlooked for positions, especially in the competitiveness of the current job market we are experiencing. That being said, social media can also help to deliver your skill sets in a way that a standard resume cannot. We have put together a few tips for you to consider when entering the job

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Aug 102015

Calculating your Net Worth

Posted on August 10, 2015 Uncategorized

Calculating your net worth is important when creating an overall savings plan. It helps you to see areas of opportunity that can easily increase your net worth such as increasing your 401K contributions or deciding whether or not a new luxury car is truly needed. Many of us have a rough estimate of what our big-ticket items are worth and how much we owe in credit card debt. However, we commonly overlook assets and liabilities that provide us with a more accurate depiction of our net worth. When completing a comprehensive net worth calculation, each person can decide what dollar

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Jul 092015

Creating Secure, Easy to Remember Passwords

Posted on July 09, 2015 Uncategorized

  Passwords have been in use long before internet banking, social media, or the age of the internet all together. During prohibition, speakeasy doormen required a person to speak a certain phrase before entering their establishment. Overtime, passwords have become even more crucial in our day-to-day functions. Whether you are making online purchases, emailing a friend, or banking online you are required to have a password that is unique to your account but also memorable. The biggest challenge we face today is creating a password complex enough to elude hackers but easy enough to remember. In order to ensure your

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Jun 302015

Polam Profiles: Mark Chrzanowski – CEO

Posted on June 30, 2015 Uncategorized

As caretaker of a Federal Credit Union like Polam, Mark Chrzanowski helps to make positive change in people’s lives. Mark has held the position of CEO of Polam FCU for eight years. His hobbies include trap shooting and spending time with his family. “Part of the attraction of trap shooting is the mechanics and physics involved; this makes the sport fascinating.” We talked with Mark about his favorite travel destination. “Hong Kong has been the most interesting place I’ve travelled. From the people, to the sounds, to the architecture, food and culture; it is all exotic and amazing.” Next, we

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Jun 222015

Polam Profiles: Mike Davis – Community Partner

Posted on June 22, 2015 Uncategorized

Mike Davis is the president and founder of NorCal Blitz Softball Organization. NorCal Blitz was founded 4 years ago to fulfill a need for a San Mateo softball league. “Some athletes were traveling hours away and paying upwards of $3200 per person, per season.” Mike said, “We were able to create a local league program that costs less than $1000 per player.” 80 tournaments from spring through fall allow local athletes exposure to competitive softball. “The impact of NorCal Blitz is much more than to just provide a program for our young players to go. These girls go on to

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Jun 032015

Budgeting For Your Dream Vacation

Posted on June 03, 2015 Uncategorized

Prior Proper Planning When planning out a dream vacation you have to begin with a targeted vacation price point. Research your destination to estimate your trip. Then meet with your travel partner and decide on a realistic number on paper. Next coordinate a savings timeline to reach your goal. For example saving $100 dollars a week will accumulate to $5400 in one year’s time. Tried and True Travel Tricks Flying Wednesday to Wednesday is one of the great travel saving tricks that always works. Every airline incorporates dynamic pricing with tickets that increase in cost according to availability and distance

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May 252015

Fun Ways to Educate Children About Saving

Posted on May 25, 2015 Uncategorized

Polam Federal Credit Union is passionate about our youth’s education and financial responsibility. Teaching children how to save for their goals at an early age prepares them for one of the most difficult finance behaviors to learn – being a consistent saver. Here are a few creative ideas to help your children learn about savings while having fun: Have your children sort different types of currency into piles based on color or size. This will help to create awareness of denomination. Everyone knows a child who has wanted to play “store” or “credit union.” Showing kids how to exchange a

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